GetWellNetwork Acquired by PE Firm WCAS
Private equity firm Welsh, Carson, Anderson & Stowe announced this morning that it has completed the acquisition of GetWellNetwork, which offers patient engagement solutions that include in-room systems. The Bethesda, MD-based GetWellNetwork is the KLAS leader in the Interactive Patient Systems category.
According to WCAS General Partner Michael Donovan, “GetWellNetwork is the most innovative and rapidly growing company delivering patient engagement solutions to healthcare providers. Patient engagement and satisfaction have emerged as a business imperative and critical area of focus for the healthcare industry, and as a result, we are excited about the future opportunities that lie ahead for GetWellNetwork.”
Terms of the acquisition were not disclosed. GetWellNetwork CEO MIchael O’Neil will continue in his current role.
Ageed Mike, "patients are the widgets that must be processed" additionally when it costs close to $3,700 a month for…